BLAK WEALTH™

Empowering the financially excluded to build wealth.

We give the financially excluded, disadvantaged, and underserved technology-driven financial tools to become financially empowered. More than a financial product and service, BLAK Wealth™ is a process, journey, and experience.

A process, journey, and experience that connects and resonates with, and compels and empowers BLAK Wealth™ users with personal development for self-improvement and transformation.

We provide the awareness (knowledge and information), access, opportunity, mentorship, framework, and pathway to empower our users toward a wealth building mindset and lifestyle to transform their lives.

#EmpowerYou #EmpowerUs

 
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Reimagine your financial life.

Reimagine, recreate and rebuild your financial life and become financially empowered with the BLAK Wealth™digital mobile bank account and financial empowerment platform.

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BLACK FACTS ::

African-Americans yield over $1 trillion in annual spending power.

 

25M+

UNBANKED & UNDERBANKED

Out of the total population of African-Americans in the U.S., over 25 million are Unbanked and Underbanked.

According to the FDIC (Federal Deposit Insurance Corporation), “Unbanked” means an individual that does not have a banking account, and “Underbanked” means and individual that does have a bank account, but also uses Alternative Financial Services (AFS), such as check cashing entities, payday loans, etc.

Learn more:

2017 FDIC National Survey of Unbanked and Underbanked Households

 

12M+

NO CREDIT SCORE

Out of the total population of African-Americans in the U.S., over 12 million are credit invisible.

According to the CFPB (Consumer Financial Protection Bureau), “credit invisible” means that they do not have a credit record maintained by one of the nationwide credit reporting agencies (NCRAs). They also include those who have a credit record that contains either too little information or information that is deemed too old to be reliable

“Black consumers, Hispanic consumers, and consumers in low-income neighborhoods are more likely to have no credit history or not enough current credit history to produce a credit score.”

Learn morE:

Who are the Credit Invisible? How to help people with limited credit histories

2015 The CFPB Office of Research Data Point: Credit Invisibles

2017 The CFPB Office of Research Data Point: Becoming Credit Visible

2018 The CFPB Office of Research Data Point: The Geography of Credit Invisibility

 
 

$500B+

ANNUAL SPENDING POWER

The over 25 million African-Americans in the U.S., who are Unbanked and Underbanked yield over $500 billion in annual spending power.

Learn more:

FORTUNE | raceAhead: A New Nielsen Report Puts Black Buying Power at $1.2 Trillion

Black Dollars Matter: The Sales Impact of Black Consumers

Wealth 101: Black Buying Power Is Not A Measure Of Real Wealth

 
 

BLAK WEALTH™ ::

Digital Mobile Bank Account & Financial Empowerment Platform

Transform your financial life.

Finally, personal financial and banking products and services that truly financially empower you.

 

BANK ACCOUNT & DEBIT CARD

BLAK Wealth’s next generation fee-free digital mobile bank account and debit card.
 

BLAK WEALTH | REBUILD

“Financially empowering the system impacted.”

BLAK Wealth™ REBUILD is financial empowerment for the System Impacted.

BLAK Wealth REBUILD is an initiative to focus on and empower the System Impacted. The System Impacted are those who are formerly incarcerated, family and friends of the incarcerated, and the incarcerated.

Learn more.

FINANCIAL LITERACY

BLAK Wealth’s financial empowerment platform provides our users with access to curated financial literacy content in micro format as a fundamental foundation for wealth building.

  • Credit 101

  • Budgeting & Saving

  • Investing
     

ENTREPRENEURSHIP EDUCATION

BLAK Wealth’s financial empowerment platform provides our users with access to curated entrepreneurship education content in micro format as a fundamental foundation for wealth building.

  • Entrepreneurship 101

  • Small Business vs Startup

 
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SEPTEMBER 2017

Racial Wealth Gap: Blacks and Latinos Will Be Broke in a Few Decades

Article Source: FORTUNE / Research Source: “The Road To Zero Wealth” Report 

 
 

BLAK Revolution ::

Join the movement to stay informed, active, and engaged.

BLAK Wealth represents more than simply financial products and services but rather a movement and community around the financial empowerment of those who have been financially excluded, disadvantaged, and underserved for too long.

Become an active part of BLAK’s movement of financial empowerment by joining BLAK Wealth and becoming a user or supporting by sharing and spreading the word.

Subscribe to our newsletter to stay up to date on everything BLAK Wealth. You can also become a contributor to our Financial Literacy and/or Entrepreneurship Education content.

Follow us on social media at @blakwealth, and join our BLAK community groups: BLAK Wealth and/or BLAK Empowerment Network (B.E.N.).

 

SUBSCRIBE TO OUR NEWSLETTER

Join our newsletter email list to stay up to date on everything BLAK Wealth.

BECOME A CONTRIBUTOR

BLAK Wealth is always looking for contributors to curate and share their knowledge, information, experience, and expertise to empower others via our curated financial literacy and entrepreneurship education content.

JOIN OUR COMMUNITY GROUPS

Join our BLAK Wealth and/or BLAK Empowerment Network community groups to stay informed, active, and engaged in BLAK’s financial empowerment movement.